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The Corporate Transparency Act and Estate Planning

The beneficial ownership information (BOI) reporting requirements mandated by the Corporate Transparency Act (CTA), which go into effect on January 1, 2024, have clear implications for business entities that were not previously compelled to provide information on their ownership or management. However, they can also affect trusts, depending on the business assets a trust holds….

The Corporate Transparency Act and Beneficial Ownership Information Reporting

In 2021, the Corporate Transparency Act (CTA) passed with bipartisan support. As part of the Anti-Money Laundering Act of 2020, the CTA is intended to help bring US law in line with safeguards in other developed countries intended to prevent the flow of illicit money through anonymous shell companies by requiring the US Department of…

California Homeowners’ Exemption vs. Homestead Exemption

Most homeowners aren’t experts on all the details of the laws affecting their homeownership, and it doesn’t help when two rather different legal benefits have confusingly similar names. In California, the homeowners’ exemption and the homestead exemption may sound alike, but they are far from the same. One provides a slight property tax break, while…

AB150: What you need to know to save on taxes

On July 16, 2021, Governor Gavin Newsom signed Assembly Bill 150 into law. This bill enables certain California taxpayers to write off more than the $10,000 limit placed on state and local tax (SALT) deductions — but it’s not automatic, you need to know what to do to get this relief. BRIEF HISTORY OF SALT…

in-SECURE: Why you May Need to Update your Trust

Feeling in-SECURE? In January of this year, a new law came into effect known as the SECURE Act, which is the most impactful legislation affecting retirement accounts in decades.  You may have read politicians applaud the bill but be very weary — what Congress cloaked under the guise of “freebies” turns out to be nothing…

Prop 19 – What you need to know

PROP 19: REDUCE PROPERTY TAXES BEFORE FEBRUARY 16TH! Proposition 19 will affect each and every person who owns a property, whether it’s a primary residence, a vacation home, a rental property, or a commercial property. According to the new law, we have a limited window to take action in order to lock in our property taxes under the old…

“Simon Says”: Bridge Law Partner Simon Khinda Speaks on Legal Issues re: Covid-19

Important Update for Landlords and Tenants In light of the Coronavirus (COVID-19) pandemic cities, and counties are taking steps to minimize the impact on tenants, including placing moratoriums on evictions, holds on shutting off utilities due to nonpayment, and prohibiting late rent fees. The federal government has suspended evictions and foreclosures in public housing until…

Lalit Kundani Named as a Southern California Super Lawyer 2019

The Super Lawyers publication has selected Bridge Law partner, Lalit Kundani, as a 2019 Southern California Super Lawyer. The annual list recognizes outstanding lawyers who have attained a high-degree of peer recognition and professional achievement. Lalit began his legal career in 2005 after graduating from UC Berkeley School of Law, one of the nation’s top…

Why Litigation Isn’t Always the Answer?

There are other ways to resolve problems?. You’ve been wronged. It’s highly emotional. For some people, an immediate reaction is to consider filing suit. Suing will get your money or your property back. Suing will get the justice you deserve. After all, no one should be able to take advantage of another person and get…

Am I Due Class Action Settlement Money?

Class action lawsuits are common in our court systems. Most everyone has received a notice in the mail of a class action suit involving consumer products, from cars to jewelry. Even if the recipient has a valid claim, the information being provided is lengthy, in small print, and very legalistic. As a result, a lot…

Piercing the Corporate Veil

Alter-Ego and Why That Is an Ego You Need to Understand It’s a common assumption that a corporation and its shareholders are generally treated as separate legal entities. Acts through a corporation are performed by its officers, and the corporation enters into its own contracts. Another assumption is the corporation’s assets, and not those of…

Legal Issues Worth Pondering Before Ride-Sharing

Ride-sharing pioneers Uber and Lyft are proving to be very successful in markets around the country and the globe. Uber operates in 250 cities in 50 countries, and Lyft is in 70 cities across the United States. The draw of these companies is the ease with which customers can hail and pay for a ride,…

Be Careful: Court Ruling Makes Data Breach Lawsuits Much Easier

Do you collect, store and use client and prospect data as part of your business? If so, you must know and follow the rules to keep your business safe from an expensive, unnecessary lawsuit. Be Aware of Data Breach Data breaches involving retailers and Internet services are common these days. Naturally, litigation has followed. Breaches…

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We want you to feel comfortable discussing your legal issue with us, so we offer a free consultation to learn about your problem. Contact us today to setup a time to come in and talk with our team.